Full project financing is targeted to commence in November, following the completion of the Bridging Study, completion of the ESIA and securing the final critical land package (Figure 1).
Debt financing will be led by BNP Paribas, after the successful market-sounding process conducted earlier in the year, which resulted in significant in-principle support from European Export Credit Agencies (ECAs).
Equity financing will be targeted at the project level, following interest from multiple strategic corporates from the energy, chemicals and automotive sectors.
Public funding is also in the process of being applied for to assist with the overall funding requirement.
VUL Price at posting:
$3.36 Sentiment: Buy Disclosure: Held
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